GBP/USD Confluence Spots Show Possible Bearish Price Action

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/USD is getting close to the first POC zone. We have two possible spots where the price could reject from.

1.2896-1.2930 is the zone to watch for. The first POC zone is showing confluence with D H4, W H3 camarilla pivots and order block. If we see the close above W H3 1.2930 then look for a possible  POC2 entry in the zone 1.2974 – 1.3001. Targets are 1.2800 and if the price goes below it – 1.2800 and 1.2761. The Daily L5 is the final target 1.2700 which could be reached only on a strong momentum caused by Brexit news.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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